Danaos Full Year 2022 Earnings: Beats Expectations
Danaos (NYSE:DAC) Full Year 2022 Results
Key Financial Results
Revenue: US$993.3m (up 44% from FY 2021).
Net income: US$559.2m (down 47% from FY 2021).
Profit margin: 56%.
EPS: US$27.30 (down from US$51.75 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Danaos Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 29%.
Looking ahead, revenue is expected to fall by 4.5% p.a. on average during the next 2 years compared to a 8.6% decline forecast for the Shipping industry in the US.
Performance of the American Shipping industry.
The company's shares are down 5.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Danaos (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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